THE OWNER OR THE LEIN HOLDER HAVE CONTACTED THE TENANTS OF THE BUILDING.
2006-12-27 17:38:14 · 4 answers · asked by Nichelle H 1 in Business & Finance ➔ Renting & Real Estate
start looking for a new place or,pray like hell!!if you have an unexpired lease the new owner will have to adbide by it's terms.
2006-12-27 17:42:18 · answer #1 · answered by jgmafb 5 · 0⤊ 0⤋
If you have a lease, don't worry! The new owner must abide by the terms of the lease. This is not an option for the new owners; no eviction, no rent increase, nothing will change for you except maybe the mailing address of the landlord.
If it's a multi-family complex, don't worry! There could be a few rule changes with the new owners, possibly some rent increases (unless you have a lease), but they're not going to kick everyone out. The new owners still need the rental income. The only change you'll likely see is a new mailing address for your rent checks.
If it's a small property -- 4 units or less -- and if you're month-to-month there is a chance you could be required to move. The usual notification rules still apply, i.e. you'll be given 30 days notice to move.
2006-12-28 02:37:07 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Start packing. Sorry bout your luck, I once moved into an apartment in a house. Turns out the house was for sale and sold 2 weeks after I moved in, I was never told. I couldn't afford a lawyer to sue the landlord. Good thing I hadn't had a chance to unpack much.
2006-12-28 02:02:20 · answer #3 · answered by ? 6 · 0⤊ 0⤋
U MORE THAN LIKELY WILL HAVE TO MOVE or be under a new lease agreement with new owners, u should get a 30 day notice of any changes.
2006-12-29 01:04:19 · answer #4 · answered by bodacious baby 7 · 0⤊ 0⤋